Software M&A – Monthly Newsletter | July 2026
TH Global Capital’s Global Software M&A and Private Equity Deal Tracker provides a snapshot of key transactions, deal activity and trends shaping the global Software M&A market.
In our July 2026 edition, we tracked 96 Software transactions across major segments including Vertical SaaS, Enterprise/Horizontal SaaS, FinTech & InsurTech SaaS, AI/ML & Data Analytics, MarTech/AdTech & Communications and Cybersecurity & Infrastructure.
Key Insights
- Vertical SaaS Leads Activity: Vertical SaaS (Industry-specific) accounted for 26% of total transactions, making it the most active segment in July.
- Enterprise and FinTech Software Remain Active: Enterprise/Horizontal SaaS and FinTech & InsurTech SaaS each represented 19% of total activity, reflecting continued demand across core business systems and financial technology.
- Strong Interest in AI and Data: AI/ML & Data Analytics accounted for 16% of activity, as strategic and financial buyers pursued AI engineering, data infrastructure and analytics capabilities.
- Strategic and Private Equity Activity: Strategic acquirers and private equity investors remained active, pursuing acquisitions and growth investments that expand product capabilities, customer bases and exposure to high-growth software markets.
Top 5 Software M&A Deals in July 2026
- Adyen acquires Talon.One | €750 million
- SAP acquires Dremio
- Summit Partners invests in Keyfactor | ~$1 billion
- Warburg Pincus invests in Oxylabs | $130 million
- Qualcomm acquires Modular
Why Download This Newsletter?
Gain a concise view of the latest global Software M&A and private equity activity, including key transactions, active sub-segments, investor participation and consolidation trends, with valuable insights for software executives, investors and industry leaders tracking market developments and strategic opportunities.